About your Search

20121002
20121010
Search Results 0 to 12 of about 13 (some duplicates have been removed)
cooked, were fixed. former ceo of g.e. >> jack welch. >> jack welch say they were fixed or something? >> he said definitely those guys from chicago they can't debate so they're cooking the books. >> bill: do you take that seriously? >> no. i do not take it seriously. i have to say jack welch gave us a good laugh because he he was serious. >> bill: welch believes these are bogus numbers? >> that's what he said. it's the kind of nonsense what's really book here. 50,000 they survey the establishment survey it's called services and government is about 150,000 there is a lot of volatility. people going around saying this hasn't happened in 30 years. >> bill: in your opinion though, there are more jobs being added pushed from full time into part time. they are younger, less educated. unskilled. lower paying. >> if you are working part time you come off the unemployment rolls, that goes into the unemployment rate. that's a legitimate thing to talk about this is important. 14.7% unemployment when you include the marginally attached to the workforce. that is precisely the same number as the p
not trust that number. :lou: what you do not want to do is pull a jack welch. he decided that this was a conspiracy of the chicago political thugs that run the country. megyn: unbelievable jobs numbers, these chicago guys will do anything. by the way, we have jack welch to explain that later on. :lou: that's exactly what you don't want to do. these numbers over the course of time, you should always be skeptical of those numbers. we should always be skeptical of anything government does. economic reporting is an inexact art and not always in science be one can i just ask your question? :lou: yes. megyn: unemployment is still very high. how are the american people doing? :lou: a sophisticated number, if you will, buried within the labor of statistics is the broadest measure of unemployment that is in the workforce, discouraged workers. that remains where it was last month, 14.9%. it is a sign that we are absolutely stuck where we have been. and that is a sincere shame. that means 23 million people remain in great pain and they are suffering as a result of an economy that is
are cooked, fixed. doesn't what's his name, the former ceo of g.e. -- >> jack welch! he said, the guys from chicago can't debate so they are cooking the books. >> do you take that seriously? >> no. but he gave us a good laugh because apparently, he was serious. >> he believes -- >> i think -- >> he believes that they are bogus numbers. >> it's when he said. it's the kind of nonsense eye mean, the last thing -- anyone should be looking at in these numbers is somebody cooking the books. what is really at work here, there are two survey, one of 50,000, they survey the businesses and they survey the households. the establishment survey as it's called of businesses and government is about 150,000. and the survey of households is about 50,000. so there is a lots of volatility. there are people saying, this hasn't happened in 30 years -- nonsense. e >> in your opinion, there are more jobs being added. but most of these jobs are part-time jobs itch they are part-timions, people who have been pushed from full time into part time. they're younger, less educated and unskilled so they for lower payin
the jobs number doesn't matter. is that in part this whole jack welch thing over the weekend around whether the numbers are real, does that matter in all of this? >> i think the jack welch stuff was crazy talk. and earlier in the year when you guys were down in washington on this, joe and i talked about it, there were between points that i would make. one, nobody messes or manipulates these numbers. but, took i think we exaggerate the importance of the numbers for this reason. the people who will vote on november the 6th know what they feel about the economy already. they're living it every day. so because there's a headline that says 7.8, it's a talking point, but they already know what their friends and neighbors are doing. >> when do we find out how romney is fun raising compared to that 180 million or whatever? >> i think if it was so par with obama's, we would have heard already. i think it's probably behind. >> you don't hear that that's unbecoming to have so much money to spend. just don't hear -- it's alway s the republicans. >> it's not decided by money. nice to have, but there is
and significant decrease in the unemployment rate. jack welch, he went to as far to suggest that the numbers may be manipulated by the obama administration. do you think that the numbers add up? >> i think the suggestion that the numbers was cooked is relatively ridiculous. that being said. economists at the labor department will admit freely that there is a lot of margin of error in these numbers. a month after each job report these numbers are revised upward or downward. the question of the number came out of the household survey, 800,000 plus number, there is a lot of margin for error, possibly as much as 400,000. that is admitted by folks within the labor department, as well. i think you can't get too hung up on the overall numbers because typically these are revised upward or downward. that tends to happen a month later when we stop paying attention. >> heather: what will the numbers do in terms of swaying voters' opinions, specifically undecided voter? do you expect to see a change in the polls as a result of this? >> it's a tough question. i generally think the jobs reports do not move as
on the jack welch tweet. >> you wonder why institutions in this country are the perception of institutions in the country are failing because people go on tv and make stuff up. ask for the evidence and he said he had none. >> we continue to make progress. 31 consecutive months of private sector job growth. certainly we are not where we want to be. >> many analysts who combed through the unemployment data released attribute the decline to a big increase in part-time work. people looking for full-time jobs unable to find them and they are settling for part-time jobs. there were some 582,000 new part-time jobs created last month. the bureau of labor statistics categorizes the number as "part time for economic reasons." not exactly a vote of confidence in the state of the economy, shannon. >> shannon: all right, doug. a lot more on the numbers. we will break them down later with ben stein, well known economist and author and humorist as well. we might need a little bit of that. thank you, doug. is the lower unemployment number going bolster president obama's reelection bid or be ammunition for
Search Results 0 to 12 of about 13 (some duplicates have been removed)

Terms of Use (10 Mar 2001)